This is the single most important step when monetizing your social media. Luckily, you already have an understanding of what your audience likes and doesn’t like, so this will be easy. You see it every day with your popular blog posts and viral social shares. Often your audience will be just like you, so simply ask yourself the question “Would I buy this?” If you answer yes, you’re probably onto a winner.
Any commission that you are going to pay is an investment in your business. Amazon, for example, has an affiliate-marketing guide that grants a 10 percent commission for promoting a set of luxury stores. However, your final decision should stay in tune with the budget of your company. If you offer the highest commission rates to attract the best affiliates, make sure you have done the necessary calculations properly.
Create threads and Facebook groups, hang out on forums and engage in relevant discussions. Don’t forget to respond to comments and tweets, involve your community in a conversation. And don’t be shy to use this repost/retweet button when you see someone else’s post that you like. All of this will make you visible to more people and will bring you more followers.
The bulk of the offers that I promote pay around $20-$40 per lead, but there are others that pay more and less. However, you don't want to get caught up solely on what an offer pays because how well it converts is just as important. For example, if you have an offer that pays $9, but if it converts at 2X or more of a $20 offer, then it will perform about the same and possibly better. At the same time, if you have an offer that pays $90 and it converts poorly, it may not even be worth promoting.
It is important to note, however, that StudioPress is now a subsidiary of WPEngine which is the company that actually does the web hosting on which StudioPress’s Genesis framework runs. The affiliate program only works with choosing the StudioPress framework and themes, not the actual hosting on WPEngine. WPEngine has a separate affiliate program for its hosting services, which yes, is a bit confusing.
Hi Kate, on Pinterest, you can add the affiliate URL when you create the new pin on your account. If you already have the pin made and want to add the affiliate link, you can just “edit” the pin and change the URL. Hope that makes sense. In the book, Elise has a step by step tutorial with photos on how to add the URL to Pinterest in case you need more help.
Along with that, Amazon is a complete SELLING MACHINE! What I mean by that, is they have drilled their conversion rates down to the last detail. Typically I can convert traffic I send to Amazon from my affiliate sites around 12%. The reason why it works so well is that the moment people land on Amazon, they are automatically switched into "buyer mode". Meaning, they know the only thing left for them to do is BUY. What that means, is all you have to do is get people to Amazon's site, and they literally do the selling for you.
LinkConnector is something of a mixed bag, so it’s probably best for experienced affiliates who have become disillusioned with other networks and are looking to expand. LinkConnector’s bizarre mix of high-quality products and a low-quality dashboard make it hard to truly assess its viability, but their exclusive deals with some vendors can make it a true home run for publishers working in certain niches.
In Twitter, you can send messages to anyone by placing an @ symbol in front of their Twitter name. This message will appear on their profile page. So, if you see someone talking about a subject related to your website or business, you can easily reply back to them and give them some helpful info. If they decide to re-tweet your helpful advice, all of their followers will see it. Simply sending @Messages can help give you a ton of exposure and you get to help people at the same time. A win-win.
Possibly the most important demographic you could factor in while shaping your affiliate strategy is age. Affiliate marketing means continuously trying to incorporate the newest marketing trends into your gameplan, but this money is as useless as data without analysis if you aren’t reaching the right audience on the right platform. In a study conducted by Envision Creative, around 90% of 18 to 29 year-olds interact with social media in some way, shape or form. It follows that success with millenials equals a continued need for staying up to date with new social media marketing trends. When targeting younger demographics as an affiliate, think about launching incentive programs for those customers who refer others to your business or product. These pseudo “loyalty programs” serve as extremely effective digital word-of-mouth. Also consider offering discounted services or products for promotion on social media.
Who doesn't love eBay? It's a treasure trove of cheap stuff, and now you can make money from eBay without having to sell your old shoes and long-forgotten video games. By joining their affiliate program, you earn money from selecting listings that you like and sharing the links to them. The eBay partner program provides you with link generators and more to help you optimize your affiliate links. They also provide reports and analytics so that you can track how much you've earnt. The best part? Partners earn between 50-70% of the revenue.
If you’re running WordPress, I use a plugin called Thirsty Affiliates to cloak, manage, and track my affiliate links (you have to pay Thirsty Affiliates for their add-ons if you want extra features). The free version is still good… just install the plugin and find the “Affiliate Links” tab on the left of your dashboard. Add the link name and destination URL, save it, then copy the cloaked version of the URL so you can add it to your Youtube video annotations.
Affiliate marketing can be a great way to build stronger relationships with customers and other businesses that you admire within your product niche. From these people, you can gain valuable insights into customer experiences surrounding your products and learn new strategies for growing your business. This is just a basic template for how to start affiliate marketing. Now, it’s time to try it out for yourself. We’re sure that once you get the hang of it, you’ll come to realize that the sky’s the limit when it comes to making the most out of this lucrative marketing channel.
Go ahead and set up your Twitter profile if you don’t have one already. Practice tweeting with captivating headlines for your best chances at getting click-throughs when you post links. Try using the AffiloTools social module to schedule tweets to keep them regular, and to make sure your followers know when you have new content or juicy deals coming up.
Multiple Twitter Identities. We have noticed that affiliates using Twitter often maintain multiple Twitter identities. Based on data pulled for the second week in November 2011, 75% of the affiliates found on Twitter maintain more than one Twitter alias. They do this for several reasons: to re-tweet their own posts under different user names in order to drive up a tweet’s popularity; to tweet the same thing over again without appearing redundant; and to follow themselves to ‘seed’ a follower list.
There’s a good reason why ClickBank is still a strong contender, however it does tend to focus more on digital products which may be of questionable quality. Yes, the review process is more professional these days, but it’s still primarily focused on selling digital products, especially “how to make money” courses and the like. That being said, there are some genuinely high-quality products on offer, and few affiliate programs are bigger than ClickBank, especially in selling (primarily digital) books.
You’ll realize that attributing commission directly to a specific link is difficult to do, so to gain the insights that will help you best optimize your campaign, you need to be clever. One way is to test a single variation per week – for example only post photos to Facebook at 3pm, then measure the commission earned that for week. The following week do the same, but post at 3pm on Twitter. You could also use bit.ly links to track the click-throughs on social networks that otherwise don’t provide you with these insights (I’m looking at you, Twitter). In this way, you’ll slowly build a picture of which programs are profitable, and which are a waste of time.
Target's affiliate program is fairly new to the market, and only features up to 8% commission, which turns some people away but considering targets huge range of products and itst popularity as a store, it's worthwhile signing up to their affiliate program, especially if you're planning any "Target Haul" videos in the future. One of the main appeals of the target affiliate programs is it's ability to track your links. While Amazon seems to do a poor job tracking the clicks and purchases from the links you insert, Target does a great job of keeping tabs on your links for a full week, meaning that you're much more likely to earn commission for your links. They also offer some creative advertising options such as banners and widgets for creators to use in conjunction with their affiliate links.
ClickBank allows you to join for free, and the approval process is virtually automatic, so it’s a great choice for people entering the affiliated game for the first time. ClickBank has a ton of information, including FAQs, walk-throughs, and videos available, so the barrier to entry is quite low. There’s also a (paid) program called ClickBank University with courses and assistance from experienced marketers.
Shopify is probably the most popular e-commerce solutions provider out there, but because there are so many products and options, newcomers can easily get confused. If you believe your audience has products to sell and could benefit from Shopify’s products and are able to elucidate the benefits of signing up for Shopify, you can definitely earn some big money with their affiliate program.
Thanks to Shopify’s partners and app developers, figuring out how to create an affiliate program for your Shopify store is easy, as you can start by simply installing an affiliate app of your choosing. From there, each app will take you through an onboarding process that will get you up and running with an affiliate program catered to your business.
Products are now put in a category. The commission will be based on the category each product has been placed in whether or not the category is correct. For instance, I had a sale for a child riding toy tractor. Instead of it being in toys category which would have only earned me 3%, it was actually placed in lawn and garden category which I then actually earned 8% instead.
Once you’ve recruited your affiliates, you’ll want to keep tabs on them and the performance of your program. Regular communication is essential to establishing a strong affiliate program, and this can happen via email, as that’s the preferred method of communication for most affiliate marketers, per the AffStat 2016 Affiliate Marketing Benchmark Report.
Tradedoubler was founded in 1999 by two young Swedish entrepreneurs. They have offices in the UK and multiple countries throughout Europe, including Sweden, Germany, France, Poland and Spain. Their focus has always been to provide smarter results for both clients and affiliates through technology. In 18 years, they’ve amassed an army of 180,000 active publishers, connecting them to over 2,000 merchants in Europe and the UK. Many of these merchants are household names.